CNH Industrial NV (NYSE:CNH) price on Thursday, October 24, rose 1.18% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $11.18.
A look at the stock’s price movement, the close in the last trading session was $11.05, moving within a range at $11.024 and $11.2. The beta value (5-Year monthly) was 1.604 while the PE ratio in trailing twelve months stood at 7.26. Turning to its 52-week performance, $13.30 and $9.28 were the 52-week high and 52-week low respectively. Overall, CNH moved 2.01% over the past month.
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CNH Industrial NV’s market cap currently stands at around $14.02 billion, with investors looking forward to this quarter’s earnings report slated for in November. The company has a Forward Dividend ratio of 0.47, with its dividend yield at 4.20%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 4.57B for the company’s revenue for the quarter, with a low and high estimate of 4.06B and 4.96B respectively. The average forecast suggests down to a -22.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 19.46B, representing a -21.20% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CNH is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend CNH as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CNH’s current price about 0.82% and 5.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.93, while 7-day volatility ratio is 1.90% and 1.96% in the 30-day chart. Further, CNH Industrial NV (CNH) has a beta value of 1.56, and an average true range (ATR) of 0.25. Analysts have given the company’s stock an average 52-week price target of $14, forecast between a low of $11 and high of $19. Looking at the price targets, the low is 1.61% off current price level while to achieve the yearly target high, price needs to move -69.95%. Nonetheless, investors will most likely welcome a -25.22% jump to $14 which is the analysts’ median price.
If we refocus on CNH Industrial NV (NYSE:CNH), historical trading data shows that trading volumes averaged 6.86 over the past 10 days and 11.06 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.29 billion shares.
The 35.05% of CNH Industrial NV’s shares are in the hands of company insiders while institutional holders own 64.96% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 54.78 million on 2024-09-30, giving us a short ratio of 2.92. The data shows that as of 2024-09-30 short interest in CNH Industrial NV (CNH) stood at 762.0 of shares outstanding, with shares short rising to 33.68 million registered in 2024-08-30. Current price change has pushed the stock -8.21% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CNH stock continues to rise going into the next quarter.
